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Unaudited Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans, including fees $ 11,611,000 $ 10,254,000
Taxable securities 1,467,000 1,573,000
Tax exempt securities 70,000 93,000
Federal funds sold and other 119,000 266,000
Interest and Dividend Income, Operating, Total 13,267,000 12,186,000
Interest expense    
Deposits 2,772,000 2,587,000
Federal Home Loan Bank advances 220,000 281,000
Senior debt 56,000 96,000
Junior subordinated debentures 215,000 263,000
Subordinated capital note 242,000
Interest Expense, Total 3,505,000 3,227,000
Net interest income 9,762,000 8,959,000
Provision for loan losses 1,050,000
Net interest income after provision for loan losses 8,712,000 8,959,000
Non-interest income    
Non-interest income revenue 156,000 136,000
Income from bank owned life insurance 96,000 99,000
Other 210,000 181,000
Noninterest Income, Total 1,724,000 1,284,000
Non-interest expense    
Salaries and employee benefits 4,538,000 3,915,000
Occupancy and equipment 999,000 898,000
Professional fees 208,000 165,000
Marketing expense 214,000 227,000
FDIC insurance 108,000
Data processing expense 359,000 313,000
State franchise and deposit tax 360,000 315,000
Deposit account related expense 451,000 281,000
Other real estate owned expense 16,000 166,000
Litigation and loan collection expense 65,000 46,000
Communications expense 218,000 190,000
Insurance expense 103,000 114,000
Postage and delivery 168,000 141,000
Other 536,000 402,000
Noninterest Expense, Total 8,235,000 7,281,000
Income before income taxes 2,201,000 2,962,000
Income tax expense 361,000 123,000
Net income $ 1,840,000 $ 2,839,000
Basic and diluted income per common share (in dollars per share) $ 0.25 $ 0.38
Deposit Account [Member]    
Non-interest income    
Non-interest income revenue $ 668,000 $ 496,000
Debit Card [Member]    
Non-interest income    
Non-interest income revenue $ 750,000 $ 508,000